Country receives $392.40mn remittance on Nov 1-11

Country receives $392.40mn remittance on Nov 1-11

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Dhaka – The country received $392.40 million in remittance in the first 11 days of the current month of November.
Bangladesh Bank statistics show maximum remittance came through private commercial banks as they received $267.39 million while the nine foreign banks fetched $3.45 million. UNB news agency reported
Six state-owned commercial banks — Agrani, Janata, Rupali, Sonali, BASIC and BDBL – brought in $117.36 million from expatriate Bangladeshis while two state-owned specialised banks got $4.20 million.
Among the private commercial banks, Islami Bank Bangladesh Limited (IBBL) led the remittance earning as it fetched $98.80 million followed by Dutch-Bangla Bank with $18.18 million.
Of the state-owned banks, Agrani Bank received $41.57 million while Janata Bank $30.07 million, Sonali Bank $29.11 million, Rupali Bank $6.39 million, BASIC 0.02 while BDBL received no remittance.
Among other private banks which are in leading positions in earning remittance include Pubali Bank ($15.57 million), National Bank ($14.63mn), Uttara Bank ($13.21mn), Trust Bank ($9.83mn), AB Bank ($8.72mn), Bank Asia ($11.26mn), Prime Bank ($8.46mn), Mercantile Bank ($7.30mn), Brac Bank ($6.92mn), NCC Bank ($5.07mn), Trust Bank ($5.13mn), EXIM Bank ($1.21mn) and Shajalal Islami Bank ($1.08 mn).
As in previous days, the NRB banks showed a poor performance in receiving remittance although the government allowed the establishment of these banks with high hopes in this regard.
Of the three NRB banks, NRB Bank received no remittance while NRB Commercial Bank received $0.03 million and NRB Global Bank $0.07 million in remittance from non-resident Bangladeshis during the period.
There are some other private banks which also show poor performance in remittance earning during the period as they received below one million. These include Farmers Bank ($0.04mn), SBAC Bank ($0.35mn), One Bank ($0.27mn), Modhumati Bank ($0.04mn), Midland Bank ($0.04mn), Meghna Bank ($0.10mn), ICB Islamic Bank ($0.01mn), and IFIC Bank ($0.96mn).

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